GBPUSD Weekly Analysis – December 11, 2016

GBPUSD stays above the upward trend line on daily chart, and remains in uptrend from 1.1946. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 1.3500 area. Key support is at 1.2300, only break below this level could trigger another fall towards 1.1500.

gbpusd chart